LOCK-UP AGREEMENTLock-Up Agreement • July 19th, 2010 • Emmis Communications Corp • Radio broadcasting stations • New York
This Lock-up Agreement (this “Agreement”), is dated as of July 8, 2010, and is made by and among the undersigned parties (each, a “Locked-Up Holder” and, collectively, the “Locked-Up Holders”), each solely in its capacity as a beneficial owner (as defined below) of certain shares of 6.25% Series A Cumulative Convertible Preferred Stock issued by Emmis Communications Corporation (the “Preferred Shares”).
ACKNOWLEDGEMENTLock-Up Agreement • July 19th, 2010 • Emmis Communications Corp • Radio broadcasting stations
The undersigned, Kevan A. Fight, hereby acknowledges to the parties to that certain Lock-Up Agreement dated July 9 2010 (the “Lock-Up Agreement”), that (i) he is the beneficial owner of the 51,000 shares of 6.25% Series A Cumulative Convertible Preferred Stock issued by Emmis Communications Corporation, attributed to Double Diamond Partners under the Lock-Up Agreement, (ii) he agrees to join and be bound by all the terms of the Lock-Up Agreement and shall hereafter be deemed to be a “Locked-Up Holder” for all purposes under the Lock-Up Agreement, and (iii) he makes the representations and warranties of the Locked-Up Holders set forth in Sections 1 through 5 of the Lock-Up Agreement.
